A similar scenario basically applies driving under the influence a utility shut down. www.money.com Even when an individual were willing to do without the utility until their next pay day, the penalties charged if you are disconnected along with the fees assessed for turning the service back on will almost certainly exceed $50

Nevertheless the question that begs to become answered is this fact: Do pay day loan companies offer a legitimate service that folks absolutely need or is he merely preying upon individuals with nowhere left to turn for credit options?Most of the time, a payday cash advance place charges roughly $15-20 on every $100 you borrow and asks how the money be repaid by 50 percent weeks or less

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Yes, anyone will have to pay roughly $50 to borrow $250 for two weeks, but does that c-note compare to the lost wages and financial hardship that would be suffered should they lose their job? If you think about it over these terms and don"t forget why these pay day loan companies are the last and only option for some, it is clear that they are indeed providing a legitimate service